Economy

Challenges to diversifying fuel imports into Nepal (Commentary)

Pritam Bhattarai / Kathmandu: It’s been almost two months that a memorandum of understanding (MoU) was signed between the Nepal Oil Corporation (NOC) and China National United Oil Corporation (PetroChina) to supply petroleum products to Nepal. This was a late but inevitable step taken by the country to diversify fuel trade and end the four-decade […]


NA to invest in hydel project for the first time

Kathmandu / December 15: The Nepalese Army (NA) is going to invest in hydropower production for the first time. The NA was ready to invest in 12.25 MW Madikhola Hydropower Project in Rolpa. The budget programme of the current fiscal year and the white paper recently issued by Finance Minister, Bishnu Prasad Poudel, have incorporated […]


Country will not import agro products within two years: Minister Gajurel

Kathmandu / December 14: Five journalists covering the agricultural issues in media were honoured in the capital city today. Agriculture Development Multipurpose Cooperatives Limited felicitated the media persons with Rs 10,000 each for promoting the farmers by writing news stories. On the occasion, Suvash Karki of BBC Nepali Service, Laxmi Sapkota of Rajdhani Daily, Prakash […]


Finance Minister urges business community to manage restraint for some time

Kathmandu / December 11: Finance Minister Bishnu Poudel has called on the business community not to get frustrated by the ongoing economic blockade suffering the country at the hands of neighour. “The blockade has caused an irreparable loss due to the blockade. Let’s take patience for more few days and not to be panicked by […]


1,300-kg organic tea exported

Ilam / December 10: The Kanchanjunga Organic Tea Estate based in Sankhejung-7, which has been continuously producing organic tea for the past three years, has exported 1,300-kg readymade organic tea this year. The branded organic tea produced by local farmers, cooperative groups and industries have been exported to Taiwan, Japan and Russia. They have exported […]


Earthquake victim to receive subsidy soon; Govt. to mobilize support through donor agencies

Kathmandu / December 8: Vice-Chairman of the National Planning Commission, Dr Yubraj Khatiwada, has said the first installment of the grants to be provided to the earthquake survivors for house construction is going to be released through the District Natural Disaster Rescue and Relief Committee. In today’s meeting of the Social Justice and Human Rights […]


Tourists to access free wifi internet in Annapurna trekking circuit

Myagdi / December 4: Touristic villages along the Annapurna trekking circuit were benefitted after the internet service was installed there. As the tourists season has begun, the hotels along the famous Annapurna trekking circuit have upgraded themselves with the wireless internet service wi-fi in view of attracting more guests. The hotels in Biredhati, Ghandruk, Ghodepani […]


Finally private company brings fuel; KL Dugar group held for foul play

Kathmandu / December 3: Nepal Oil Corporation, for the first time, has brought some 40,000 litres of air fuel through private sector. A private company come up with international competition, Petrolimax Nepal, brought the aviation fuel by Jordan Air from Lucknow, India, on Thursday. Following the India’s undeclared blockade, the NOC had opened an international […]


FNCCI takes initiations to sort out country’s economic problems

Kathmandu / November 28: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has taken initiative to resolve country’s economic problems, following India’s unofficial blockade and ongoing protest in the Tarai. Following failure of the government to yield any positive results out of various talks with agitating groups earlier, the FNCCI has started holding consultations, […]


Government urges development partners to implement financial aid promises

Kathmandu, Nov 25: The government on Wednesday held regular discussions with representatives of its development partners. During the discussions held at the Ministry of Finance, Minister for Finance Bishnu Prasad Poudel briefed the donor representatives about post-earthquake reconstruction efforts and impact of the Indian unofficial blockade on the people’s daily life. “The Reconstruction Bill is […]




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